Credit Score

As a business owner, it is important to have a strong personal credit score for your business to apply for loans easily.

 

In Singapore, your credit score is what financial institutions use to determine your propensity to repay debt.

Poor credit scores signal to lenders that you have a high chance of late payment or default, even to cause your loan application to be rejected. Hence, as a business owner, it is important to have a strong personal credit score for your business to qualify for business loans easily. 

Private financial institutions like FRcapital make themselves more accessible to those without perfect credit scores to obtain loans through their strong relationships with banks and financial institutions.

Every business has their own set of challenges and goals. is different with its own set of challenges and goals. If you are uncertain about your credit score and ratings, speak to a professional for help. Reach out to FRcapital to secure your business loans today.

Alternatively, you may contact us at 83383133 or  contact@frcapital.sg

Here’s a table on how the CBS calculates your personal credit score and risk grade.

Source: Credit Bureau Singapore

 

Published On: January 13th, 2021 / Categories: Business Loans /

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